George Oliver unveils $17M CASA redevelopment
Phoenix-based commercial real estate investment and operating company George Oliver has unveiled plans for its new CASA redevelopment, a 181,188-square-foot, Class A office building in Phoenix’s booming Uptown neighborhood. Through a $17 million renovation, George Oliver will re-establish CASA from a 1989-built project, previously known as Catalina Terraces, into next-generation modernized office space focused on a strong sense of community, health and wellness
“This is the first modernized office project of its kind in the metro Phoenix market to put health and wellness at the heart of its design,” said George Oliver Founder and Managing Partner Curt Kremer. “We’ve done our best to listen to the demand drivers of the modern-day tenant and deliver an office space complete with all of the services that today’s businesses need to excel – with equally high-quality wellness amenities that curate personal development and deliver a sense of community.”
The CASA renovations will keep with the building’s Spanish architectural roots, including natural wood elements and smooth stucco finishes, and feature updated modern lobbies, restrooms, an exterior facelift and a fresh new landscape package.
Tenant amenities will include a tenant lounge and café operated by Kaleidoscope Juice and a training center with the ability to host approximately 60 guests. It will also incorporate two centralized courtyards with water features and seating that serve as a hub for relaxation and collaboration, and an on-site co-working facility operated by the ownership and accommodating users ranging from one to 10 desks.
Locally known Kaleidoscope Juice, with locations in downtown Phoenix, downtown Scottsdale and within The Madison and Optima Sonoran Village, will open at CASA in Fall 2019, serving as a hub for “good vibes” and healthy coffee, food and juice options for CASA tenants and guests.
“With its focus on health and wellness, George Oliver’s vision for CASA is a first for Phoenix and runs exactly parallel to our own philosophy,” said Kaleidoscope Juice Founder and CEO Alexandra Maw. “A healthy worker is a more productive worker, and Phoenix is taking the lead in healthy local living, working and eating opportunities. We’re absolutely delighted to take part in this important and innovative redevelopment.”
Additional services at CASA will include a wellness center with a yoga room, brand new fitness center and showers, an on-site meditation room, salon with hair stylist and dog park. The CASA plans also include a two-story dining experience with dedicated food truck parking, climate-controlled space, a shaded outdoor dining area and outdoor games and lounge space.
CASA is located just south of Northern Avenue at 7878 N. 16th Street in Phoenix, minutes from the deep amenity base of 7th Street and Piestewa Freeway/Sate Route 51.
“CASA is carving a creative and unparalleled niche in the greater Phoenix office market,” said Ryan Timpani, Executive Vice President of Colliers International in Arizona, who along with Executive Vice President Todd Noel make up the exclusive leasing brokerage team for the CASA project. “Its one-of-a-kind amenities set it apart from the competition as occupiers of space continue to relocate to assets that allow them to attract and retain top talent. With the residential and retail renaissance taking place in the surrounding neighborhood of Uptown Phoenix, CASA is well positioned to lure a diverse and robust tenant base.”
George Oliver purchased the CASA building, previously known as Catalina Terraces, in late 2018 for $16.5 million. Renovations begin in April and will deliver during the third quarter, complete with move-in-ready spec office suites ranging from 2,000 to 8,500 square feet and shell space to accommodate users up to 30,000 square feet.
Arcadia Management will manage the property and staff an on-site concierge. RSG Builders will handle the renovations. Western Alliance Bank is the project lender.
For more information, visit www.uptowncasa.com.
Other successful projects completed by George Oliver include The Quad in Scottsdale, Junction 23 in the RiNo arts district of Denver and Upcycle, located in the trendy Eastside submarket in Austin.